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Business, 18.05.2021 18:40 reggienald3095

Roberta transfers property with a tax basis of $435 and a fair market value of $559 to a corporation in exchange for stock with a fair market value of $372 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $187 on the property transferred. What is the amount realized by Roberta in the exchange

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Roberta transfers property with a tax basis of $435 and a fair market value of $559 to a corporation...
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